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Kamanchi
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Bearish
TO BUY OR TO WAIT? #bearmarket #BullishCoins
After the recent correction, all coins showed a 1:1 chart, like $BTC , and showed the same output, which personally indicates to me a double top, and if it occurs, we will also see Bloodbath No. 2. At the same time, if we look at the ATH, most coins are still far from it. What does this indicate?
In my opinion, the alt season will only begin after the fall of $BTC to 70-80k and how long it will stay in this range for some time. The question is whether to buy now? I think that if you haven't bought during a 20% drawdown, it makes sense to wait and not enter. I myself expect, as I wrote earlier, a double top and a fall. The too rapid growth after the correction for me is a Bearish flag. I expected sideways movement for about a week, but if you want to enter now, I think $AVAX or DOT is a good option.
After the recent correction, all coins showed a 1:1 chart, like $BTC , and showed the same output, which personally indicates to me a double top, and if it occurs, we will also see Bloodbath No. 2. At the same time, if we look at the ATH, most coins are still far from it. What does this indicate?
In my opinion, the alt season will only begin after the fall of $BTC to 70-80k and how long it will stay in this range for some time. The question is whether to buy now? I think that if you haven't bought during a 20% drawdown, it makes sense to wait and not enter. I myself expect, as I wrote earlier, a double top and a fall. The too rapid growth after the correction for me is a Bearish flag. I expected sideways movement for about a week, but if you want to enter now, I think $AVAX or DOT is a good option.
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